"I can tell you that Eric did not start this business to take people's money'
I agree but that doesn't change the facts. The business wasn't growing as he hoped and he was losing money and he got desperate. Unfortunately he made bad choices on how to get the money he needed. That doesn't change the fact that he drove the company into the ground. At one time I trusted Eric as much as anyone buy today I wouldn't believe anything that came out of his mouth.
IMO your post is one of the simplest and fairest I have seen here in a very long time. You were able to sum up the situation in very few words. I commend you.
And after 8 and a half years at the helm of WNBD what is this so-called "path he must follow to make it profitable"? The only path Eric's ever revealed was his so-called 10 year growth phase plan which has less than 18 months remaining!
And we already know the current plan of attack for ongoing fund raising endeavors inclusive of the 3a10 court judgement in January 2014 that Eric finally decided to PR via otc markets in May!
And judging by the dumpage since may 2014 and ongoing share price erosion since the reverse split that the 3a10 dilution-fest is still just getting started with billions of shares to go.
So again I ask...what is this path he supposedly understands now that he must now follow to make it profitable?